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Meats Futures Prices

Fri, Jan 20th, 2017
[[ timeframe ]] futures price quotes as of Fri, Jan 20th, 2017.
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
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Live cattle settled higher in all contracts with Feb 17 finishing 75 cents higher. Feeder cattle futures were also up 40 to 95 cents in most contracts. The CME Feeder Index for 1/18 was $132.25 down 12 cents. Wholesale beef prices were lower in the afternoon USDA report. Choice lost $1.62, and select was down 57 cents with their respective averages now at $191.60 and $187.49. Cash cattle trade was moderate in most feeding regions on Thursday. Live trade was reported $3 to $4 higher ranging from $122 to $123. Dressed sales were mostly $5 higher at $195. WTD FI slaughter is estimated at 409,000 head vs. 444,000 head for the same point in the week last year
Lean hogs traded higher in all contracts on Thursday, with Feb 17 up 22.5 cents. The CME lean hog index for 1/17 was another $1.17 higher at $66.01. USDA's weighted average carcass value was up 6 cents to $78.90 this afternoon. The ham was the only cut that was lower, down $4.58. Negotiated cash hog base prices averaged 54 cents higher nationally at $62.88. The WCB and IA/MN averages were reported at $63.38 and $63.43 respectively. WTD slaughter is estimated at only 1.625 million head for the shortened week, which is 60,000 head smaller than the same week last year.
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